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Emmforce Autotech Limited IPO – Important Dates, Price, GMP & Review

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Emmforce Autotech who are India’s Leading Automotive Products Manufacturer, Serving Nation Since 1993 are raising ₹53.9 crores approximately through Initial Public Offerings (IPO). The IPO will be open from 23 April, 2024 and will close on 25 April, 2024. The IPO Price band is set to ₹98 and a retail investor can do minimum investment of ₹1,17,600 for a single lot of 1200 shares.

Emmforce Autotech Limited Company manufacture niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers, 4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools & Differential Tools etc. They also offer fully integrated engineering solutions from conceptualization, development and validation to implementation and manufacturing of products.

Emmforce Autotech Limited IPO Important Dates And Prices

IPO Opening Date23 April, 2024
IPO Closing Date25 April, 2024
IPO Allotment Date26 April, 2024
Date of Refund Initiation29 April, 2024
Single Price₹98
Total Shares1200/Lot
Minimum Investment₹1,17600
IPO Listing30 April, 2024
Listing OnBSE SME

Emmforce Autotech Limited IPO Important Details

IPO Issue Size₹53.9 Crores
IPO Face Value₹10/Share
IPO Retail Percentage35%
QIB Percentage50%
NII Percentage15%
IPO Mandate Last Date25 April, 2024 (Till 5 PM)
IPO RegistrarLinktime India Pvt Ltd

Emmforce Autotech IPO GMP (Grey Market Premium)

As On 21-04-2024To be updated soon
As On 22-04-2024

Emmforce Autotech Limited Company Qualities

  • Company has In-house Material Testing Lab, Design & Development & Quality Check.
  • They are one of the most trusted ISO/TS 16949: 2016 Indian Automotive components Manufacturer Company.
  • Company have integrated Machine Shop & In house machining and heat-treatment.
  • They provide faster product development, shorter lead time, on time delivery, comprehensive product range and competitive pricing.

Emmforce Autotech Limited Company Weakness

  • Company manufacture a lot of products which at many times can impact big on revenue.
  • Company’s revenue decreased by -31.7% in a single year from March 2022 to March 2023.
  • PAT Margin Also Decreased by -40% in the same year.

Emmforce Autotech Limited Company Promoters

  • Mr. Ashok Mehta (Chairman cum Managing Director)
  • Mrs. Neetu Mehta (Non-Executive Director)
  • Mr. Azeez Mehta (Whole Time Director)

Emmforce Autotech Limited IPO Review (May Apply)

Emmforce Autotech Limited company has an RoNW of about 2.83. PAT Margin Percentage of Emmforce Autotech is approx. 8.33%. Our Review For This IPO is you May Apply After Checking the First Day Subscription. If it is subscribed 5-10 times at least on the first day of opening then Subscribe, Otherwise Not.

Emmforce Autotech Limited IPO Important Links

Allotment Status or Registrar LinkLinktime India Pvt Ltd
Company Websitewww.emmforce.com

FAQ’s Related to Emmforce Autotech IPO

  1. From Which Date Emmforce Autotech Limited IPO will open?

    Emmforce Autotech Limited IPO will open from Tuesday, 23 April, 2024.

  2. What is the last date to apply for the Mandate of Emmforce Autotech IPO?

    Emmforce Autotech IPO last date to apply for the Mandate is 25th April, 2024.

  3. When is the issue size and face value of Emmforce Autotech IPO?

    Issue size of Emmforce Autotech IPO is approximately 53.90 Crores and has a face value of 10 per equity share.

  4. Where is the headquarter of Emmforce Autotech Limited Company located?

    Emmforce Autotech Limited headquartered in Plot No. 287, Industrial Area, Phase II Industrial Estate, Panchkula – 134113.

  5. What is the price of single share of Emmforce Autotech IPO and how many shares are there in one lot?

    Emmforce Autotech Limited IPO Price is 98 per share and 1200 shares are there in a single lot.

  6. Can I submit multiple applications for Emmforce Autotech Limited IPO from different Apps?

    No, You can not submit multiple applications From different apps using same PAN card. If you do so, all of your applications will be cancel and no IPO Shares will be allotted.

How You Can Apply For Emmforce Autotech Limited IPO or Any Other IPO?

  • To Apply For the Emmforce Autotech Limited IPO, First You Need To open a DEMAT Account.
  • You Can Open a Demat Account Online With Platform or Apps like Zerodha, Upstox, Angel One, Paytm Money and Groww.
  • Once Your DEMAT Account is Opened, Open the App given Above with which you apply for DEMAT Account and Visit the IPO section.
  • Select the Emmforce Autotech Limited IPO and click on Apply Now Button to apply for the Mandate.
  • After that, You need your UPI (Unified Payment Interface) ID and balance in your bank accounts to apply the Mandate.
  • Enter UPI ID And Investment Lots & then Click on Apply For IPO.
  • After hitting apply for IPO button, you will receive a Mandate Request on your UPI Platform with in few minutes. It can take up to 1 hour also, sometimes.
  • If You did not received Mandate Request with in 1 hour, You can even cancel the IPO application from the App you applied for the IPO.
  • And after Cancelling the Application, You can reapply again for the Emmforce Autotech IPO or any other IPO which you want to buy.
  • On receiving Mandate in the UPI app, click on Accept Mandate, Enter your UPI Pin and your Mandate Amount and hit Enter.
  • On Successful accepting the mandate, IPO Amount will be blocked by the Bank, till the date of initiation of refunds.
  • If IPO shares are allotted to you, your amount will be permanently debit from your bank account in that case.

Read More: Upcoming IPO List 2024

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